Animal Feed Micronutrients Market Worth USD 2.37 billion by 2028; Cargill Inc., Archer Daniels Midland Company, Nutreco N.V.

Global Animal Feed Micronutrients Market to reach USD 2.37 billion by 2028

The Animal Feed Micronutrients Market is projected to reach USD 2.37 billion by 2028, at a CAGR of 6.5% between 2018 and 2028. According to Quince Market Insights, the increasing demand for animal products is one of the factors influencing the demand for animal feed micronutrients market during the forecast period. The report provides a detailed analysis of emerging market trends, market size, and forecasting, detailed overview of major companies operating in the market, impact factors influencing the market, etc.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Archer Danieks Midland Company
2. Ballchem Corp
3. Kemin Industries
4. Cargill Inc.
5. Nutreco N.V.

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Animal Feed Micronutrients Market Overview:
The animal feed micronutrients market is one of the established markets in the animal nutrition industry. They are used to add nutritional value to animal food such as ruminant, swine, aqua, poultry, and equine, among others. Major types include iron, manganese, zinc, boron, copper, etc. Some of the major factors influencing the growth of the market are increasing regulations on animal products, growing population, and growing demand for animal products. These factors are expected to drive the demand for animal feed micronutrients during the forecast period.

Asia Pacific is expected to witness high demand during the forecast period:
The Asia Pacific is the fastest-growing market for animal feed micronutrients, owing to high demand from rapidly growing economies such as China, India, South Korea, etc. China is the largest market for animal feed micronutrients in Asia due to a large population base, high economic growth, and increasing domestic demand for meat protein. The meat production industry in China will witness constant growth, and pork meat and poultry meat will be the largest segments in the market.

Increasing demand for animal products:
Countries in developing regions such as the Asia Pacific, the Middle East, and South America have witnessed economic growth in the past few decades. The rising demand for animal products across all regions and regulations are some of the key factors driving the growth of the animal feed micronutrients market. Based on type, the animal feed micronutrients market is segmented into iron, manganese, zinc, boron, copper, and others. Some of the major application areas of these micronutrients are ruminant, swine, aqua, poultry, equine, and others. Ruminant among these application segments is expected to lead the market with high demand across regions.

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Animal Feed Micronutrients Market Scope:

By Type:
Iron
Manganese
Zinc
Boron
Copper

By Application:
Ruminant
Swine
Aqua
Poultry
Equine

By Region:
North America
Asia Pacific
Western Europe
Middle East
Eastern Europe
Rest of the World

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.